PIMCO Income Strategy Fund (NYSE:PFL – Get Free Report) saw a significant increase in short interest in the month of October. As of October 15th, there was short interest totalling 127,200 shares, an increase of 1,198.0% from the September 30th total of 9,800 shares. Based on an average daily trading volume, of 149,700 shares, the days-to-cover ratio is currently 0.8 days.
Institutional Investors Weigh In On PIMCO Income Strategy Fund
Institutional investors have recently bought and sold shares of the business. Geneos Wealth Management Inc. grew its stake in PIMCO Income Strategy Fund by 731.7% during the first quarter. Geneos Wealth Management Inc. now owns 4,641 shares of the investment management company’s stock worth $39,000 after buying an additional 4,083 shares during the period. J.W. Cole Advisors Inc. purchased a new position in shares of PIMCO Income Strategy Fund in the first quarter valued at $142,000. International Assets Investment Management LLC boosted its stake in shares of PIMCO Income Strategy Fund by 782.5% in the third quarter. International Assets Investment Management LLC now owns 25,425 shares of the investment management company’s stock valued at $218,000 after purchasing an additional 22,544 shares during the period. Sanctuary Advisors LLC purchased a new position in shares of PIMCO Income Strategy Fund in the second quarter valued at $272,000. Finally, Janney Montgomery Scott LLC boosted its stake in shares of PIMCO Income Strategy Fund by 9.4% in the first quarter. Janney Montgomery Scott LLC now owns 48,154 shares of the investment management company’s stock valued at $408,000 after purchasing an additional 4,150 shares during the period.
PIMCO Income Strategy Fund Price Performance
PFL traded down $0.03 during trading on Friday, hitting $8.52. 67,059 shares of the company’s stock were exchanged, compared to its average volume of 123,233. PIMCO Income Strategy Fund has a 1 year low of $6.98 and a 1 year high of $8.81. The stock has a 50 day moving average price of $8.50 and a 200 day moving average price of $8.34.
PIMCO Income Strategy Fund Announces Dividend
About PIMCO Income Strategy Fund
PIMCO Income Strategy Fund is a closed-ended fixed income mutual fund launched and managed by Allianz Global Investors Fund Management LLC. The fund is co-managed by Pacific Investment Management Company LLC. It invests in fixed income markets across the globe. The fund invests in a diversified portfolio of floating rate debt instruments with an average duration of around three years.
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